Convert Cuban Convertible Peso to Nigerian Naira
Please provide values below to convert Cuban Convertible Peso [CUC] to Nigerian Naira [NGN], or Convert Nigerian Naira to Cuban Convertible Peso.
How to Convert Cuban Convertible Peso to Nigerian Naira
1 CUC = 0.000653294639998396 NGN
Example: convert 15 CUC to NGN:
15 CUC = 15 × 0.000653294639998396 NGN = 0.00979941959997593 NGN
Cuban Convertible Peso to Nigerian Naira Conversion Table
| Cuban Convertible Peso | Nigerian Naira |
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Cuban Convertible Peso
The Cuban Convertible Peso (CUC) was a currency used in Cuba, primarily for tourism and foreign transactions, pegged to the US dollar.
History/Origin
Introduced in 1994 to replace the peso convertible, the CUC was used alongside the Cuban peso (CUP). It facilitated foreign trade and tourism. The CUC was phased out starting in 2020 as part of Cuba's monetary unification efforts, with its value being absorbed into the CUP.
Current Use
The CUC is no longer in circulation as of 2021. Cuba has transitioned to a single currency system using the Cuban peso (CUP), and the CUC is considered obsolete.
Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.